November 18, 2003
Review Session
We journeyed to Murphey Hall and we quite impressed with the amenities, which included central air, chalkboards you can actually erase, and very nice furnishings.
We revisited "why the demand for money depends on the interest rate." Notice the nice photogenic chalkboard.
We determined the U.S. interest rate that is consistent with interest rate parity.
Comparing the forward rate calculations with the expectations hypothesis:
Would it be economics without an income and substitution effects diagram?
